Intraday Live short term trading calls from an Expert Retail Forex Trader

[sunZy]

F you mentioned that you did really great on 04.07 US holiday. Can we expect some movements tomorrow? My experience is that everything sleeps on US holidays.

 

[Forexmospherian]

GU - Many have a pivot at 7159 / 60

We might be able to scalp sell under there

We really need a breach of 3-5 pips above 60 for it to still keep going

All depends how its lines up in next TW

EU - 3615 -19 proving tough for now- still bullish over 07/08

 

[Forexmospherian]

F you mentioned that you did really great on 04.07 US holiday. Can we expect some movements tomorrow? My experience is that everything sleeps on US holidays.

Yes last year - one of my best days over 400 pips

Tomorrow Am should still be OK - but after say 2 30 pm - i dont know

Today as been anti climax - so it might happen tomorrow

 

[Forexmospherian]

3 28 pm

still slow - still in EU scalp buy - needing over 22 and 25 now - if not will take scalp sell

 

[Forexmospherian]

Highs seem to be at 3 26/27 pm - missed them on GU and EU

 

[Forexmospherian]

Dissappointing its such a slow day again - just hope we have another July 4th like last year now

Missed these last scalps sells from 3 27 pm - going to have a break and check hourly or so

Will be around later

All the best guys

Regards


F

 

[patient pip]

finally i made quick dumb fix time converter to my time and to platform time from your time as well T2W time...have i said time too many times

 

[patient pip]

''Missed these last scalps sells from 3 27 pm ''


if u dont mind to turn the magic time machine on,,,at what price and minute u d be able to short it? the way u tell me i ll understand a bit more, though i wont get all logics behind it, but i guess we dont have to mention that....no bells and whistles style - non //good// style is

 

[patient pip]

i wish that pennant took place in trading hours, euro

 

[Forexmospherian]

EA - Today after LC - Scalp buy set up from 6 00 pm

Today was a real anti climax - a real bore

I did still have a good day - and although I am normally finished prior to 6 00 pm - even 5 00 pm many days - this was a great scalp buy set up on the EA from 6 00 pm - one that I had waited for as the LR structure had changed and we a new nice up channel to play in

 

[Forexmospherian]

''Missed these last scalps sells from 3 27 pm ''


if u dont mind to turn the magic time machine on,,,at what price and minute u d be able to short it? the way u tell me i ll understand a bit more, though i wont get all logics behind it, but i guess we dont have to mention that....no bells and whistles style - non //good// style is

Sometimes if I miss a good entry by say 3-5 pips - I then wait to see if we get another go - and if we don't - I just ignore the trade and review at the next time window

Sometimes this costs me some great trades - ie I miss the entry by 4 pips and the move is 15 -20+ pip - so it would still have been a good trade

Other times - I could jump in say 5 pips late and then we just move only a further 3 pips and retrace - putting me back in the red - whereas if i had caught the entry correctly - then still might get out with 1-4 pips of profit.

Scalping is a special skill - maybe separate to normal TA - but it can also really assist with normal swing trades of say 25 -70 pips - because they all have to start somewhere- and even if I have exited the scalp on a 5 pip retrace - if I have kept 30% on a 50 pip move is than as good as maybe 1 or 2 normal good scalps - money wise - with no hassle or worry - as the 30% stake will have its stop in profit already

Looking forward to see if tomorrow is OK - even with the US off - it was last year


Regards


F

 

[patient pip]

thank u for the expl. sure makes sense in logistics of pip movement ....
i also wanted to know where u d enter at 3 27 pm trade,,to c if u enter at the peak so it would b a counter to tick chart/1 min chart or wait for few red candles,,to get below quick white LR''s.hypothetical entry

 

[Forexmospherian]

Friday 4th July 2014 - Pre Opens

Good Morning FX Intraday Traders

Its July 4th and the US are off today - as a Bank Holiday for Independence Day.

Yesterday was a real let down - with so many Red News Announcements - including NFP - the markets should have moved far more than they did.

Today with the US off this afternoon - you cannot imagine a really busy day - I thought the same last year ( although no NFP the day before) and July 4th 2013 was one of my best trading days in my trading career - ie 409 pips from 24 trades with only 3 wrong trades. - Yes over 400 pips from 6 pairs and with 3 of them I caught some great big rallies and was on a "roll".

I really dont expect anywhere like that today - but you just never know - this game is full of deceit and trickery - and the players might seize an opportunity - after such an anti climax yesterday in the FX market.

Normal stuff - updates and reviews on main pairs I plan to trade along with calender update

Have a good day


Regards


F

 

[Forexmospherian]

EU

i will start with the most popular FX pair - not my favourite - but I still end up taking trades on it everyday - at times when its not teasing or playing up ;-)

Price atm 3606 at approx 6 50 am UK time

We dropped from 3665 area after being up near 3700 last week - but so far not really breached the 3600 support area down to next ones at 3580 and then 3550 - 60.

We need for trying back up some R's being taken out - ie like 3612/14 - then 3622/25 - then 35 - then 45 and if we get back over 3660 - we would be seeing a turn back up taking place.

Its step by step - you are not going to get to say 3645 - without breaching 25 and 35 - so dont just guess on targets - try and visualize new wave patterns - knowing that like water - price will move between the barriers - always both ways - and then taking out the ones with the cracks

So which will go first - 3600 and 3580 - or 3625 and 45 ??

Well for now bias favours under 3612 - but prices needs to break 3600 and 3595 for lower

Not in EU atm - but am in next pair and have been for over 25 mins - GU on a scalp buy

 

[Forexmospherian]

GU

We all know the Pound as been strong - but many say now well OB and therefore needs a pullback to say 7050 or even lower.

So many sold and yesterday - we saw no new high and price dropping to 7100 .

Now price back at 7174 after making 7178/9 - where I took of 70% of my scalp buy

After breaching 7150/55 - price carried on rising through the Asian session and night

For me I should stay in part 30% buy above 62 - as still in up mode and have not scalp sold from 6 51 am and 7175/6.

I think I have made my first mistake of the day - as really I should have exited 100% scalp buy at 75-79 area - as did not see it going under 70 -72 for now

That's trading - so no over 76 in this TW and I will take the other 30% stake off and not looking at risking a fall to 7162 area

 

[Forexmospherian]

7 09 am

Back to EU for now - testing 3600 support area - not in it - and it could be normal tease - but will look at scalp selling on any bounce staying under 3608/9

Above 3610 and 13 - well then hold scalp buys or take new ones

 

[Forexmospherian]

EJ

Normally - my favourite trading pair - although I do need to check out the GJ again - spread not so good for me - but the GJ is the "beast" and a big mover.

EJ price as fallen through the night and is currently at 138 78 - after being up at 139 28 yesterday.

Since 7 00 am - like the EU both have fallen more and 65 to 73 is a key support area now.

Maybe we can look at scalp buys on the EJ and the EU in the next time window

 

[Forexmospherian]

AU and EA

EA like other euro crosses as been seen price falling and now at 4518 after touching 4600 yesterday

Under 4500 - supports at 4480 and 4460 area - need back over 4545 to think about taking more scalp buys or holding any on

AU - a fall yesterday to 9330 - must have caught many bulls out. We know back above 9400+ bullish - price now at 9356 - and i need above 9385 to think any try back in to 9400 price zone. Under 9354 and 50 scalp sells can be tried

 

[Forexmospherian]

Excuse me 5 -10 mins - back in a bit

 

[Forexmospherian]

EJ

Normally - my favourite trading pair - although I do need to check out the GJ again - spread not so good for me - but the GJ is the "beast" and a big mover.

EJ price as fallen through the night and is currently at 138 78 - after being up at 139 28 yesterday.

Since 7 00 am - like the EU both have fallen more and 65 to 73 is a key support area now.

Maybe we can look at scalp buys on the EJ and the EU in the next time window

Prior to 7 21 am - and yes both EJ and EU have become scalp buys - but as already said would scalp sell EU again under 3608 /9